Browsing Tag
401(k) Annuities
181 posts
A 401(k) annuity is a retirement income option where savings from a 401(k) plan are used to purchase an annuity, providing guaranteed payments for a set period or for life. This option converts part or all of your account balance into predictable income, helping protect against outliving your savings. Payments can be fixed or variable based on the annuity type. While annuities can offer stability and longevity protection, they may limit liquidity and can have fees. They’re typically chosen by retirees seeking steady income rather than managing investments themselves.
Pandemic Causing Nearly Half of Americans to Cut Back on Retirement Saving, Study Finds
Nearly six in 10 Americans (58%) say the economic impacts of COVID-19 are having a negative effect on…
SEC Stops Alleged Senior Annuity Scam
The Securities and Exchange Commission announced an emergency filing and temporary restraining order against a registered investment advisor…
Pandemic Panic Exacts Risk Tolerance Price
Not that it’s much of a surprise, give human behavior and the nature of panics, but one in four Americans now say they have a lower risk tolerance.
Most Consumers Still Baffled by Annuities
New quiz from Secure Retirement Institute shows majority of consumers are still baffled by annuities, which now have an easier path into retirement plans.
Transamerica Launches Low-Cost Variable Annuity
On Monday, Transamerica announced the launch of a new variable annuity with average annual fees that are roughly…
Interest in 401(k) Plan Annuities Rises as Result of Recent Volatility
Will rollercoaster market rides and gut-wrenching drops bring sources of guaranteed income (meaning annuities) into focus in 401(k)…
Expanding 401k Access Highlights IRI’s 2020 Advocacy ‘Blueprint’
“Expand opportunities to save for retirement by enhancing access to, and features of, workplace retirement plans” is the…
Iowa Proposes Harmonized Annuity Best Interest Regulation
As annuities are poised for meaningful expansion into 401k plans as a result of the SECURE Act, states…
Fixed Indexed Annuities: Record Sales in 2019, Again in 2020?
Fixed indexed annuity sales hit a record in 2019 and may set new highs in 2020, according to recent figures.
NAIC Approves Best Interest Model Regulation for Annuity Sales
The National Association of Insurance Commissioners (NAIC) gave final approval Feb. 13 to a revised model regulation that…